Hey Siri, Can You Find Me The Holy Grail of Global Supply Chain?

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Hey Siri, Can You Find Me The Holy Grail of Global Supply Chain?

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The search for the Holy Grail – the cup used by Jesus at the Last Supper, and said to offer wisdom and eternal life to its owner – occupied the principal quest of the knights of King Arthur. Today’s global supply chain executives, like Lancelot and the other knights, also seek eternal knowledge – but of more banal issues, such as low-cost global sourcing opportunities, shipper KPIs, and shifting trade policies.

One could argue, then, that the Holy Grail of the global supply chain is the ability to answer any question posed: a Supply Chain Siri® of sorts. “Hey Siri, how much duty did we pay last month for that new line of espadrilles?” “Hey Siri, if I source these new components from Mexico vs. China, how with that affect my total costs?” Even basic questions apply: “Hey Siri, how many Customs entries did we file globally last year?”

Supply Chain

If you are not a global supply chain professional, you would assume that the answers to all these questions are readily available.

The fact of the matter is, even in today’s digital world, that none of these questions are easily answered.  Most global supply chain information is spread out across disparate systems.  In many cases, these systems are external, owned by third party logistics providers like freight forwarders or customs brokers.  When this information is decentralized and disparate, even simple questions are hard to answer.  It takes too long to get answers and even then, the information is generally not complete and perhaps inaccurate. Without access to timely and complete information, your business is essentially flying blind.   

Robust Global Trade Management (GTM) solutions not only execute the functions of cross-border trade like sourcing, logistics, and trade compliance, but they provide a robust repository of historical data: a canonical record of all global trade transactions.  This is rich information indeed.  When this data, combined with dynamically changing tariff and regulatory information and product master data, is normalized and structured within an analytics tool, it becomes a powerful competitive differentiator.

Different traditions describe the Holy Grail as a cup, dish or stone with miraculous powers that provide happiness, eternal youth or sustenance in infinite abundance.  Having the equivalent of a Siri for the Global Supply Chain, where all questions can be quickly and confidently answered, can certainly provide digital sustenance to the business and ultimately yield supply chain happiness!

Amber Road provides the most comprehensive Global Trade Management (GTM) solution platform on the market. The solution provides a digital model of the global supply chain in the cloud and enables the efficient execution of sourcing, logistics, and trade processes as well as a holistic analytical solution.  An eternal youth module is on the roadmap!

Begin your quest for the Holy Grail by reading Amber Road’s ebook, The Digital Global Supply Chain.